US payrolls rose 311,000 in February, more than expected, as jobs growth stays hot

From cnbc.com

Job creation decelerated in February but was still stronger than expected despite Federal Reserve efforts to slow the economy and bring down inflation. Nonfarm payrolls rose by 311,000 for the month, the Labor Department reported Friday. That was above the 225,000 Dow Jones estimate and a sign that the employment market is still hot. The unemployment rate rose to 3.6%, above the expectation for 3.4%. There was some good news on the inflation side, as average hourly earnings rose 4.6% from a year ago, below the estimate for 4.8%. The monthly increase of 0.2% also was below the 0.4% estimate. Though the jobs number was ... (full story)